n Tax Breaks Newsletter - Allocating a 'fair price' to the sale of a business : from the courts
|Article Title||Allocating a 'fair price' to the sale of a business : from the courts|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Dec 2009|
|Pages||6 - 7|
In a recent case before the Tax Court in Cape Town, the issue of allocating a purchase price in the sale of a business was considered. The allocation of the purchase price for a business can, amongst other things, have significant tax implications for the parties. SARS therefore often takes an interest in how such allocations are made.
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